Data Center · Microsoft · Hong Kong · Nvidia · United Kingdom · Datacenter Dynamics
Iren picks up Spanish data center developer Nostrum
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Data center and cloud firm Iren is expanding into Europe with the acquisition of Spanish developer Nostrum.
Key facts
In its Q3 FY2026 earnings results this week, Iren posted revenues of $144.8 million, a loss of $247.8m, and Adjusted EDBITA of $59.5m
Gabriel Nebreda, CEO of Nostrum Data Centers, added: “The team are excited to join Iren and help accelerate the development of AI infrastructure in Europe
Microsoft is a major customer, and Nvidia is set to invest up to $2.1 billion in the company to deploy up to 5GW of compute
Iren this week announced it was also set to acquire cloud infrastructure software provider Mirantis in a deal worth $625 million
Summary
The Nasdaq-listed firm this week announced it has entered into an agreement to acquire Ingenostrum, S.L. (Nostrum Group), a data center developer based in Spain. The deal marks Iren’s entry into Europe, adding approximately 490MW of secured, grid-connected power in Spain. Daniel Roberts, founder and Co-CEO of Iren, said: “This acquisition establishes a strategic platform in Europe for Iren. Nostrum’s website now redirects to Iren.